Regulation· ★★★· neutral·

South Korea lawmakers grill central bank over cyber breaches and digital currency privacy

  • —Over 3,070 hacking attempts on the Bank of Korea since 2020, including 145 this year at its IT center
  • —Only 14 information security staff out of about 2,200 employees; IT headcount is 146
  • —Lawmakers warned participating banks could access customer transaction data in the DLT-based CBDC system
  • —The second phase of live digital currency transactions is scheduled for late December
Why it matters: Privacy and security gaps could delay South Korea's digital won rollout and sharpen scrutiny of blockchain infrastructure oversight.
Source: Digital Today